100% offset home loan package.
Features & benefits.
100% Offset Account
It comes with a 100% offset account to make your home loan repayments^ while reducing the interest you pay on your home loan.
Redraw facility
Enjoy the flexibility of making extra payments and you can redraw your funds when you need them.
Credit Card
Pay no annual credit card fee on our no bull low rate credit card provided you satisfy The Works Package conditions.
Split Loan Option
Slice and dice your home loan with fixed and variable options. By combining the two, you can enjoy the security of a fixed interest rate and the flexibility of a variable.
Rates & fees.
The Works Package Owner Occupied
| Loan Type | Interest Rate | Comparison Rate* |
| Variable Principal & Interest |
6.19% p.a. | 6.63% p.a. |
| Variable 1 year Interest Only |
6.74% p.a. | 7.17% p.a. |
The Works Package Residential Investment
| Loan Type | Interest Rate | Comparison Rate* |
| Variable Principal & Interest |
6.39% p.a. | 6.83% p.a. |
| Variable 1-5 year Interest Only |
6.64% p.a. | 7.08% p.a. |
Interest & Fees
Interest is calculated daily on the outstanding balance, and charged monthly in arrears on the last day of each month. Refer to our rates and fees for more information.
Fees applicable to this product include:
- Package fee: $395 annual fee for up to five loans
- Application fee: Waived, usually $600
- Valuation fee: At cost (minimum $149) payable at funding for costs incurred in obtaining a valuation
- Legal fees: at cost (minimum $440) payable
- Other fees may apply
Important documents:
- Refer to the Fees and Charges
- Home Loan Key Facts Sheets
- The Works Package Conditions of Use
- Grandfathered Fees & Transactions
To reduce or cancel your credit limit, click here.
It’s easy to apply online.
Here’s what you’ll need to apply online
- Be at least 18 years of age or older
- Be an Australian citizen, permanent resident, or have a valid visa
- Receive a regular income
- Have your membership number if you already bank with us
What you’ll need .
- An email address and contact number
- Member number (If you’re already a customer)
- Australian driver’s licence, Medicare or passport details
- Employment and income details
- Details of your assets, expenses and liabilities
Crunching some numbers? Use one of our calculators.
Prefer to split your loan? We’ve got you covered .
If you like the certainty of fixed repayments but also want the flexibility that a variable product provides, then chat to us about splitting your home loan. You decide what’s right for you.
We're here for you .
Are you a First Home Buyer?
With as little as 5% deposit, eligible first home buyers have the opportunity to purchase a property through the First Home Guarantee (FHBG).
Find out moreImportant notes
*Comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
^Home loan repayments must be direct debited from an Illawarra Credit Union transaction account. Annual fee payable yearly.
Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Fees and Charges (Grandfathered Fees & Transactions ).
For our complete package conditions review The Works Package Conditions of Use.
